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IDB economist: T&T’s private sector not up to the task*

Trinidad Express / Inter-American Development Bank (IDB)economist Dr Jeetendra Khadan believes the private sector, in its current form, is not up to the task of driving economic growth in Trinidad and Tobago. “It could if it were dynamic, employment generating, innovative and export oriented (it could), but it’s not,” he told an economic forum hosted by the Trinidad and Tobago Chamber of Industry and Commerce last week. Presenting excerpts from his recently released report Are Oil and Gas Smothering the Private Sector in Trinidad and Tobago?, Khadan noted that the average local firm is old, are domestic importers and “probably family-owned”. 

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